Value investing research · A new report every two weeks
Institutional-grade stock research,
without the institution.
In-depth reports on individual companies — a clear thesis, a fair-value estimate, the bull and bear cases, and the risks that would break it. Independent, human-reviewed, and published on a strict cadence: at least 20 a year, one every two weeks.
How it works
Research you can actually trust the process behind.
We screen for signal
Every candidate is run through a disciplined value + quality screen — fundamentals, moat, capital allocation, valuation — before it ever becomes a report.
Analyzed on value principles
Working from primary filings, we test each business the way value investors do — durable moats, honest capital allocation, owner earnings, and a price that offers a margin of safety. Every report is reviewed and signed off by a human analyst.
You get a clear verdict
A conviction rating, a fair-value estimate, the bull and bear cases, and the risks that would break the thesis — in a report you can read in twenty minutes.
What you get
Every report follows the same rigorous structure.
Investment thesis
The one idea the whole report defends — and what has to be true.
Business & moat
How the company actually makes money and why it keeps making it.
Valuation & model
A transparent fair-value estimate with the assumptions laid bare.
Bull / bear scenarios
What each side is really betting on, sized and probability-weighted.
Key risks
The specific things that would prove us wrong.
Full disclosures
Methodology, conflicts, and the plain-English "not advice" statement.
The people & the data behind it
A research team, backed by data — not a content mill.
Every report is produced by our research team from primary sources — company filings, audited financials, and market data — and is read, challenged, and signed off by a human analyst before it is ever published. Our approach is grounded in the value investing principles of Graham, Buffett, and Munger, and the lessons of Greenblatt, Fisher, and Lynch: buy good businesses at a discount to their worth, with a margin of safety.
No paid coverage. No hype. If the numbers don't support the thesis, we say so.
Analyst-led
A human analyst reviews and signs off on every report. Nothing is published on autopilot.
Data-backed
Built bottom-up from primary filings, audited financials, and market data — not headlines.
Independent
We take no payment from covered companies. Any position or conflict is disclosed in the report.
Single report
Buy any one report outright and keep permanent access to it. Good for a single conviction idea.
Buy a reportAnnual — the whole stream
Every report we publish — at least 20 a year, one every two weeks. À la carte that's over $4,000 of research; the annual gives you continuous coverage for less.
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For informational purposes only. Not investment advice.